INDIAN OIL CORPORATION LTD. - 530965 - Announcement under Regulation 30 (LODR)-Issue of Securities
In accordance with the Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, it is hereby notified that the Company has issued 16250, 5.40% Unsecured, Listed, Rated, Taxable, Redeemable, Non-convertible Debentures (Series - XVIII) of Rs.10,00,000 each aggregating to Rs. 1625 Crore on Private Placement basis on 3rd August 2020. The funds raised through this issue will be utilized for, inter alia, refinancing of existing borrowing and/or funding of Capital Expenditure of the Company, including recoupment of expenditure already incurred and/or for any other purpose in the ordinary course of business of the issuer. The above is for information and record please.03-08-2020